Solomon Islands: Economic Recovery Support Program (subprogram 1)

Sovereign Project | 43186-012 Status:

Summary

ADB is helping the Government of Solomon Islands weather the global economic crisis by providing budgetary support. The project will support improved fiscal management and structural measures that will aid economic recovery and enhance productivity. It will help ensure the delivery of basic services to the vulnerable, and be complemented by actions to engage with key stakeholders.

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name Economic Recovery Support Program (subprogram 1)
Project Number 43186-012
Country Solomon Islands
Project Status
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0197-SOL: Economic Recovery Support Program (subprogram 1)
Asian Development Fund US$ 5.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Governance and capacity development
Private sector development
Sector / Subsector

Education - Education sector development

Health - Health system development

Public sector management - Public expenditure and fiscal management - Reforms of state owned enterprises

Transport - Transport policies and institutional development - Water transport (non-urban)

Gender Equity and Mainstreaming Some gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome Following a contraction of 1% in 2009 due to the global financial crisis, the economy returned to positive growth of about 4% in 2010.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)

The progress toward reform in 2010 has been good, particularly in the area of public finnancial management. A few reform measures where progress has been slower than anticipated could be addressed by the end of the year pending actions by the new Government.

The compliance status of the 24 triggers for the second phase of the program have been nearly all met. A mission to be fielded in March 2011 will further assess the progress.

Geographical Location

Summary of Environmental and Social Aspects

Environmental Aspects The program grant will be released to the national budget. The project team believes that the grant will not have any significant direct or indirect environmental impacts.
Involuntary Resettlement The program grant will be released to the national budget. The project team believes that the grant will not have any significant direct or indirect impacts on involuntary resettlement.
Indigenous Peoples The program grant will be released to the national budget. The project team believes that the grant will not have any significant direct or indirect impacts on indigenous people.
Stakeholder Communication, Participation, and Consultation
During Project Design Ministry of Finance and Treasury (MOFT) and members of the Core Economic Working Group (CEWG), established in March 2009, which is the government -led working group who coordinate and implement economic and financial reforms in Solomon Islands. CEWG comprises central government agencies, including MOFT, Central Bank of Solomon Islands, Office of Prime Minister, Ministry of Planning Devevelopment and Aid Coordination, and key development partners.
During Project Implementation Continue to consult the stakeholders consulted during the project design stage, but also expand the consultation to a wider stakeholders including the private sector and civil society organizations such as Solomon Islands Chamber of Commerce and Industry and Transparency Solomon Islands.

Responsible Staff

Responsible ADB Officer Kanokpan Lao-Araya
Responsible ADB Department Pacific Department
Responsible ADB Division Pacific Liaison and Coordination Office in Sydney, Australia
Executing Agencies
Ministry of Finance
G.P.O. Box 26
Honiara
Solomon Islands

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
Last PDS Update 09 Mar 2011

Grant 0197-SOL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
16 Mar 2010 18 Mar 2010 31 Mar 2010 31 Aug 2010 - 11 Feb 2011
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 5.00 Cumulative Contract Awards
ADB 5.00 16 Mar 2010 5.00 0.00 100%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 16 Mar 2010 5.00 0.00 100%

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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